Common use of Potential Conflict of Interest Clause in Contracts

Potential Conflict of Interest. Potential investors are hereby informed that the current board members of the Company are employed by the Business Manager as at the date of this Company Description. Prior to the completion of the Recent Equity Issue and the redemption of the Business Manager’s shares in the Company, the Company was owned by the Business Manager. The employees of the Manager involved in the Transaction have contributed, inter alia, to the negotiation of the Share Purchase Agreement acceptance with the Vendor, the term sheet for the Bonds, the Business Management Agreement, the Mandate Agreement for the Recent Equity Issue as well as the Master Agreement for financial services. The Manager has incurred, and will incur, costs on behalf of the Company in relation to the Transaction (such as for example costs relating to legal and technical assistance). The Manager will have to cover these costs in the event that the Transaction is not implemented. The Manager has identified that the foregoing may represent a conflict of interest, and even if such conflicts of interests are deemed to be limited, is handling this by carefully checking that the Transaction and the work relating thereto is conducted with a focus on the best interests of the Company. If an acquisition at a later date is based on the information in the Company Description, it is necessary to verify that all relevant and updated information has been obtained. The information presented in the Company Description is up to date as at the date specified on its front page. To the extent that ▇▇▇▇▇▇ collaborates with other subsidiaries to Pareto Securities AS (the "Pareto Securities Group") in connection with the placement of the Shares of the Company, these will jointly with Pareto be considered the "Manager" for purposes of the Company Description. Such collaboration with other companies in the Pareto Securities Group shall not entitle the Manager to any additional fee. All inquiries relating to this Company Description should be directed to the Manager. No other person has been authorized to give any information about, or make any representation on behalf of, the Company in connection with the subject-matter of this Company Description and, if given or made, such other information or representation must not be relied upon as having been authorized by the Company or the Manager.